Taking the hit-or-miss out of a short sale
Washington Post The federal government’s Home Affordable Foreclosure Alternatives program, or HAFA, announced in April, may actually achieve some success where its predecessors have failed. What HAFA will not do is keep homeowners in their homes. It’s designed to make the process for getting out of an unaffordable home, without going through foreclosure, more predictable and efficient...
Read MoreCalifornia’s Foreclosure Activity Drops Across the Board: Report
DSNEWS.COM BY: CARRIE BAY Foreclosure activity in California is beginning to trend downward. The locally-based tracking firm ForeclosureRadar says its statistics dropped last month for every stage of the foreclosure process – with new defaults falling more than 17 percent. It’s the second straight month that the company has recorded across-the-board declines. Filings at each step of...
Read MoreDenied for Federal Mortgage Aid, Homeowners Seek Alternatives
By Stella M. HopkinsRISMEDIA, June 18, 2010–(MCT)–Allison Rinehart’s best hope for saving her home isn’t the massive federal effort to stem foreclosures. She’s been denied, possibly in error, for that plan so she’s banking on an alternative mortgage modification to keep her Charlotte townhouse. “This is the only thing my daughter and I have,” said...
Read MoreCalifornia State Senate bill passes to help homeowners avoid foreclosure
California State Senators Mark Leno and Tem Darrell Steinberg authored SB 1275 which will help prevent loan servicers from foreclosing on homeowners who have requested loan modifications until a decision has been made about the mod and the homeowner has been notified. As many of us have heard the horror stories, loan servicers have been initiating foreclosures on homeowners even when they have...
Read More
Twitter
Facebook
LinkedIn
Activerain